Questions

In India, Fiscal Policy is formulated by the Ministry of Finance.

Fiscal policy is playing an important role on the economic and social front of a country. Traditionally, fiscal policy is concerned with the determination of state income and expenditure policy. But with the passage of time, the importance of fiscal policy has been increasing continuously for attaining rapid economic growth.

An effective fiscal policy is composed of policy decisions relating to the entire financial structure of the government including tax revenue, public expenditures, loans, transfers, debt management, budgetary deficit, etc.

The ancient Greek word “bárbaros,” from which it derives, meant “babbler,”.In the Greek ear, speakers of a foreign tongue made unintelligible sounds (“bar bar bar”). Similar words exist in other Indo-European languages, including the Sanskrit “barbara,” which means “stammering.”The word “barbarian” originated in ancient Greece and was initially used to describe all non-Greek-speaking peoples, including Persians, Egyptians, Medes and Phoenicians.

The First Generation Computers size was very large. 

Since the First generation computers used 1000s of vacuum tubes that required lot of space made them gigantic in size. Single transistor could replace 1000 vacuum tubes and a single IC chip replaced 1000s of transistors made computers smaller and more speedy.

It is obvious that computers developed with more power, reliability, speed and smaller sizes due to the enhancement of technology.